Property Overview: 30 Dr. Michael K. Grace Lane, Peguis, Winnipeg
Key Characteristics & Appeal
This home is a modern, low-maintenance property built in 2021, offering a move-in-ready experience with the benefits of recent construction, such as updated building codes and modern fixtures. With 1,358 sqft of living space, it is notably spacious for its immediate street, ranking in the top 5% among its 21 closest neighbours. The assessed value of $346k is positioned as an accessible entry point within the broader Peguis area, where average values are significantly higher.
Its primary appeal lies in its balance of new construction and value. It suits first-time buyers or downsizers seeking a modern home without a premium price tag, and investors looking for a newer asset with lower immediate repair costs. A thoughtful perspective is its location on a street of similar new homes, which can foster a neat, uniform streetscape and a sense of community among residents of comparable life stages.
It’s important to note the lot size of 2,125 sqft is compact, especially compared to the wider Peguis area and city averages. This means minimal yard upkeep—a plus for those seeking a lock-and-leave lifestyle—but less space for private outdoor expansion or gardening.
Frequently Asked Questions
1. How does the assessed value compare to likely market value?
The assessed value of $346k is for municipal tax purposes. Market value is determined by current buyer demand and recent sale prices of similar homes. A sale from April 2021 on this street fell in the $250k-$300k range, but market conditions have likely shifted since.
2. What does the "top 97%" ranking for value in Peguis mean?
This statistic means the home’s assessed value is lower than about 97% of the 1,619 comparable properties in the broader Peguis area. It highlights this property as a more budget-friendly option within a neighbourhood that generally has higher-valued homes.
3. Are there any concerns with a 2021 build?
While very new, it’s wise to check if any builder warranties are still transferable. The first few years can also reveal minor settling or issues that the initial owner may have addressed; requesting documentation of any repairs or maintenance is recommended.
4. What are the implications of the smaller lot size?
The compact lot (roughly 0.05 acres) means lower property taxes and minimal yard work. However, it limits potential for additions like a large deck, shed, or pool. Privacy from neighbours and space for children or pets to play outdoors will be more limited than on a standard lot.
5. How can I verify the exact historical sale prices?
The provided sold price data is from public records, not the MLS. For fully verified and exact sale figures, you must request a manual lookup from the site via email, as industry rules prevent the display of official MLS sold history here.